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Trailer financing help

Discussion in 'Trucker Taxes and Truck Financing' started by Doing_flatbed_nc, Nov 20, 2017.

  1. Nov 20, 2017 #1
    Doing_flatbed_nc

    Doing_flatbed_nc Medium Load Member

    585
    845
    Mar 3, 2016
    0
    i applied through Bowman trailer lease and was turned down because my business is not old enough and I didn't show enough money in my business account.

    Credit score is 730/750. Lived overseas for over a decade and got back 2.5 years ago.

    Keep all $ over $1000 in my wife's name - savings account for liability reasons.

    7 month old EIN. No late payments or bad marks on credit.

    W T F?

    Any suggestions on trailer financing companies that won't rape me?
     
    Doing_flatbed_nc, Nov 20, 2017
    Doing_flatbed_nc, Nov 20, 2017
    #1
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  3. Nov 20, 2017 #2
    Scooter Jones

    Scooter Jones Road Train Member

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    19,970
    Apr 19, 2011
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    Local community bank. That's what I did.
     
    Scooter Jones, Nov 20, 2017
    Scooter Jones, Nov 20, 2017
    #2
  4. Nov 21, 2017 #3
    zinita17601

    zinita17601 Road Train Member

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    1,519
    Aug 19, 2010
    lancaster pa
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    Diamond motorz.lyons truck and teailer.first time buyer u need at least 20% down and u still get raped.good luck
     
    zinita17601, Nov 21, 2017
    zinita17601, Nov 21, 2017
    #3
  5. Nov 26, 2017 #4
    cburner

    cburner Bobtail Member

    7
    0
    Aug 1, 2017
    0
    Use one of your 18-month, ZERO percent credit cards. Will cost you 2-3% upfront, of the amount taken. Weigh that against your earnings potential with versus without the trailer.

    All the best to you.
     
    cburner, Nov 26, 2017
    cburner, Nov 26, 2017
    #4
  7. Dec 1, 2017 #5
    Snailexpress

    Snailexpress Road Train Member

    2,654
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    Apr 28, 2014
    Rocky
    0
    Ritchie Brothers Financial. You can buy trailer from auction or somewhere else.
     
    Snailexpress, Dec 1, 2017
    Snailexpress, Dec 1, 2017
    #5
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